From the following information, calculate the payroll tax expense for Gray Company for the payroll of August

Question:

From the following information, calculate the payroll tax expense for Gray Company for the payroll of August 9:


From the following information, calculate the payroll tax expense for


The FICA tax rate for OASDI is 6.2% on the first $106,800 earned, and Medicare is 1.45% on all earnings. Federal unemployment tax is 0.8% on the first $7,000 earned by each employee. The SUTA tax rate for Gray is 5.2% on the first $7,000 of employee earnings for state unemploymentpurposes.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: